The most recent 13F filing that Raymond James & Associates made with the SEC revealed that during the third quarter of 2018, the investment firm increased the number of shares of Brookfield Infrastructure Co. (NASDAQ: BIPC) that it owned by 3.2%. Following the acquisition of a further 3,655 shares of the company during the period under review, the total number of shares held by the fund in the company above now stands at 117,757. Raymond James & Associates had 0.11% of the shares of Brookfield Infrastructure at the end of the most recent reporting period, with a market value of $4,792,000 at the end of that period.
A significant number of important additional investors have recently changed the proportion of the company’s shares they own. FMR LLC increased its holdings in Brookfield Infrastructure by a total of 38.2 percent during the second quarter. FMR LLC now has 7,623,460 shares of the company’s stock, which are worth a combined total of $323,997,000. This is because the company made an additional purchase of 2,106,364 shares during the preceding quarter. BlackRock Inc. increased its holdings in Brookfield Infrastructure by 7.4 percent during the first three months of 2018. BlackRock Inc. now has a total of 3,763,219 shares, valued at a combined total of $283,898,000, after purchasing an additional 258,946 shares during the preceding quarter. This brings the total number of shares owned by BlackRock Inc. to 3,763,219; Brown Advisory Inc. was able to increase the proportion of its holdings in Brookfield Infrastructure, which is owned by 63.3% during the second quarter. As a result of the recent acquisition of 1,014,298 additional shares during the most recent fiscal quarter, Brown Advisory Inc. now owns a total of 2,617,172 shares of the company. Based on the current market price, these shares are worth $111,230,000. During the first three months of the current fiscal year, Vanguard Group Inc. increased the percentage of Brookfield Infrastructure shares it owned by 4.2%. After purchasing 102,000 shares during the most recent fiscal quarter, Vanguard Group Inc. now has 2,506,117 shares of the company’s stock in its possession. There is a value of $189,062,000 attached to these shares. During the second quarter, Principal Financial Group Inc. surpassed its competitors by increasing the amount of its current investment in Brookfield Infrastructure by 45.3%. Principal Financial Group Inc. now has a total ownership stake in the company equal to 1,713,348 shares, which are now valued at $72,817,000 after the company bought an additional 534,287 shares during the most recent quarter. This brings the company’s total value of ownership stakes to $72,817,000.
As trading got underway on Tuesday, the price of a share of BIPC was $43.31 per share. Brookfield Infrastructure Co.’s lowest price over the past 52 weeks is $37.54, and the company’s highest price over the past 52 weeks is $53.64. A price-to-earnings ratio of 30.08 has been assigned to the company, which has led to the establishment a market value of $4.79 billion for the business. The stock’s price has recently reached $42.91, and its 50-day moving average and its 200-day moving average have both reached $44.04, respectively.
In addition, the company declared a quarterly dividend, which was paid out on the Friday after December 30 (December 30). On November 30, dividends of $0.36 per share were paid out to shareholders on record when the dividends were declared. Those shareholders received their dividends. The dividend was disbursed to shareholders on November 29 (a Tuesday), which was the month in question. This comes from a dividend payment of $1.44 and a yield of 3.32% when calculated annually. The dividend payout ratio that Brookfield Infrastructure presently possesses is equivalent to 100 percent at present.
Through its subsidiaries, the Brookfield Infrastructure Corporation owns regulated natural gas transmission lines in Brazil and is also responsible for their administration. Natural gas is transported through these lines. In addition, the company is accountable for the management of regulated activities regarding the transmission and distribution of energy and gas in Australia and the distribution of gas and electricity in the United Kingdom.
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